The board of directors of AEON Stores (Hong Kong) Co., Limited announced that with effect from 25 March 2021, Mr. Isao Sugawara ("Mr. Sugawara") has been appointed as a Non-executive Director of the Company. Mr. Sugawara, aged 60, is the vice president of AEON (China) Co. Ltd. ("ACCL") and a director of Guangdong AEON Teem Co. Ltd. and AEON South China Co. Ltd., both being subsidiaries of the Company. Mr. Sugawara joined AEON Co. Ltd. ("ACL"), the ultimate holding company of the Company, in March 1981. Since then, he was assigned to assume different positions in various business divisions of ACL. In May 2014, Mr. Sugawara was appointed the chief operation officer of ACCL and in March 2020, he became the vice president of ACCL. Mr. Sugawara graduated from the Faculty of Agriculture, Akita Prefectural University. The Board also announces the retirement of Mr. Akinori Yamashita ("Mr. Yamashita") as a Non-executive Director with effect from the conclusion of the 2021 annual general meeting ("2021 AGM") of the Company to be held before the end of May 2021. Mr. Yamashita would like to allocate more time for his personal commitments and will not stand for re-election as a Director at the 2021 AGM when he (together with all the Directors) is required to retire in accordance with the Articles of Association of the Company.